Shortcut Navigation:

Ask the Money Doctor

Read Past Q&As

Topic:  
i want to use my ira to invest in real estate flips and rentels and be able to pay my self for improvements on the properties and put the profits back into my ira
Submitted Mar 28, 2012
I am a military wife my husband passedaway in 2008 at the age of 59 I went to ss office yesterday, they say I can recieve my husbands survivor benefit. I am 60 - this is not a retirement check so it will not be taxed. Is this true? Thanks Sherri
Submitted Mar 27, 2012
what is the mileage deduction allowed for travel to a rental property?
Submitted Mar 24, 2012
My husband (who has been unemployed for 10 years now) and I (my AGI is roughly $33,800)have a home mortgage interest rate of 7.125% and a balance of $154,195 on the 30 yr. mortgage (approx. 19 hrs. left to pay). We will both turn 59 this year. We are living very frugally and still must take money from saving and cash in savings bonds to pay the mortgage each month....
Submitted Mar 24, 2012
A parent owns a life insurance policy with their child as the insured. THe policy is a modified endowment contract (MEC). At the death of the parent, the ownership of the policy tranfers to the child (the insured), automatically or through a contingent owner designation. Is this a taxable event, considering the MEC rules (ie - is it a distribution?). If it''s a...
Submitted Mar 24, 2012
I''m 54, employed fulltime,same firm for the last 14 years and the firm appears stable. My salary is $ 125,000, with monthly expenses at $ 6,200. At my age recent recommendations are to have at least 12 months living expenses in cash. This site had other inputs on a savings calculator which rasied my emergency fund needs to $ 79,000. I feel good with $ 65,000 saved,...
Submitted Mar 24, 2012
if a family member gets injured in our own property does insurance cover injuries and medical?
Submitted Mar 24, 2012
At what age and what percentage must a person withdraw from their 401Ks and IRAs? Is there a penalty for not withdrawing on time?
Submitted Mar 23, 2012
My husband and I have about 30k in credit card debt. We're able to pay our bills, but it's going to take forever to pay off this kind of debt. We owe more on our house than it's worth because of the economy, so we can't get a consolidation loan from the bank. I was thinking of calling a consolidated credit company, but I'm afraid that will hurt our credit, which is...
Submitted Mar 20, 2012
My wife (61) and I (56) make $195,000 per year pre-tax. We have $161,000/13 years/4.37% left on our mortgage on our house that is valued at $423,000. How can we best pay off this mortgage in the next 5 years. We already do bimonthly payments. Thanks!
Submitted Mar 19, 2012

« Previous Next » 1... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 ...56